BTC crash down from the 46k old support & finally found support at 40-42k level which I warned several times before. Will this hold? I don’t know.
There is only a slight bounce even though oversold. So let us see if it will bounce off 40k & go above 42k to be bullish.
I will be bearish again if it breaks below 40k. Then 35k & the 30k double bottom will be the next supports. By that time BTC would have finally completed the complex wave 4 correction (that looks like an expanded flat zigzag from previous 60k top to 29k bottom to 69k ? Pls correct me if I’m wrong)
This is not financial advice as I’m only a beginner in crypto.
There is only a slight bounce even though oversold. So let us see if it will bounce off 40k & go above 42k to be bullish.
I will be bearish again if it breaks below 40k. Then 35k & the 30k double bottom will be the next supports. By that time BTC would have finally completed the complex wave 4 correction (that looks like an expanded flat zigzag from previous 60k top to 29k bottom to 69k ? Pls correct me if I’m wrong)
This is not financial advice as I’m only a beginner in crypto.